Common Contracts

PROJECT AGREEMENT

Project Agreement • December 15th, 2004

• Contract Type
  Project Agreement
• Filed
  December 15th, 2004

WHEREAS (A) by the Development Credit Agreement of even date herewith between The State of Eritrea (the Borrower) and the Association, the Association has agreed to lend to the Borrower for Part C of the Project an amount in various currencies equivalent to twenty-three million one hundred thousand Special Drawing Rights (SDR 23,100,000) for Part C of the Project, on the terms and conditions set forth in the Development Credit Agreement, but only on conditions that BE agree to undertake such obligations toward the Association as are set forth in this Agreement;